Hean's Group

Hean is a 52-year-old married mother of ten children, three (one daughter and two sons) of whom are dependent on her and still in school. Hean is originally from a rural village of the Sangke district of Battambang province, Cambodia. For almost thirty years, she and her husband have farmed rice and raised pigs to support the family. The current business earns their family about 10,000 KHR per day to meet the family’s needs. An inadequate water supply is still the main challenge for her business.

Hean has taken a first loan with Kiva’s partner, VisionFund. Now she and her group members are requesting a loan of 1,000,000 KHR each. She will use her portion to buy rice seeds for her farm. She hopes to increase her income from her current business to improve her living standards and keep her children in school.

Additional Information

About VisionFund Cambodia

VisionFund Cambodia is a Christian organization and microfinance institution that provides small loans and other financial services to improve the lives of children, empower poor women and their families, and grow successful businesses. The organization works primarily in rural parts of Cambodia and has distinguished itself by targeting the very poor who require smaller loan sizes, regardless of religious beliefs, gender or ethnic background.

Kiva lenders’ funds will help the organization to expand into the northeastern provinces of the country, which have historically been underserved and difficult to reach with financial services.

This is a Group Loan

In a group loan, each member of the group receives an individual loan but is part of a larger group of individuals. The group is there to provide support to the members and to provide a system of peer pressure, but groups may or may not be formally bound by a group guarantee. In cases where there is a group guarantee, members of the group are responsible for paying back the loans of their fellow group members in the case of delinquency or default.

Kiva's Field Partners typically feature one borrower from a group. The loan description, sector, and other attributes for a group loan profile are determined by the featured borrower's loan. The other members of the group are not required to use their loans for the same purpose.